NR - 161 New Claims
Superior Mining receives TSX-V OK for Vieux expansion
2023-12-12 16:38 ET - News Release
Mr. Brent Butler reports
SUPERIOR MINING RECEIVES FINAL APPROVAL TO PROCEED WITH EXPANSION OF VIEUX COMPTOIR PROPERTY
Further to its news release of Aug. 8, 2023, Superior Mining International Corp. has obtained final approval from the TSX Venture Exchange to proceed with the option agreement for the acquisition of an additional 161 new claims adjacent to the Vieux Comptoir property. The six million common shares due on TSX-V approval have been issued to the vendor, which common shares are subject to a hold period expiring four months from the date of closing.
Pursuant to the option agreement, the company has granted a 2-per-cent net smelter return (NSR) royalty to the vendor. The company has the right to acquire one-half of the NSR royalty (1 per cent) at any time by paying $2-million to the holder.
We seek Safe Harbor.
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